Brown Advisory Inc. Trims Position in Harley-Davidson, Inc. (HOG)

Brown Advisory Inc. cut its stake in Harley-Davidson, Inc. (NYSE:HOG) by 2.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 75,003 shares of the company’s stock after selling 2,057 shares during the period. Brown Advisory Inc.’s holdings in Harley-Davidson were worth $3,616,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its position in Harley-Davidson by 1.5% in the second quarter. Vanguard Group Inc. now owns 17,684,083 shares of the company’s stock valued at $955,294,000 after acquiring an additional 267,352 shares during the last quarter. Capital Research Global Investors raised its holdings in shares of Harley-Davidson by 605.1% in the second quarter. Capital Research Global Investors now owns 16,732,599 shares of the company’s stock valued at $903,895,000 after buying an additional 14,359,571 shares during the last quarter. BlackRock Inc. raised its holdings in shares of Harley-Davidson by 1.5% in the second quarter. BlackRock Inc. now owns 10,724,574 shares of the company’s stock valued at $579,342,000 after buying an additional 154,675 shares during the last quarter. Independent Franchise Partners LLP raised its holdings in shares of Harley-Davidson by 53.3% in the third quarter. Independent Franchise Partners LLP now owns 8,101,285 shares of the company’s stock valued at $390,562,000 after buying an additional 2,815,749 shares during the last quarter. Finally, LSV Asset Management raised its holdings in shares of Harley-Davidson by 1.0% in the second quarter. LSV Asset Management now owns 4,044,113 shares of the company’s stock valued at $218,462,000 after buying an additional 39,699 shares during the last quarter. 96.33% of the stock is owned by hedge funds and other institutional investors.

Several research analysts recently issued reports on the stock. Zacks Investment Research raised shares of Harley-Davidson from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 19th. Wedbush reissued a “neutral” rating and set a $45.00 price target on shares of Harley-Davidson in a report on Monday, October 2nd. Argus upgraded shares of Harley-Davidson from a “hold” rating to a “buy” rating and set a $53.00 target price on the stock in a research report on Friday, October 20th. TheStreet lowered shares of Harley-Davidson from a “b-” rating to a “c+” rating in a research report on Tuesday, October 17th. Finally, Aegis began coverage on shares of Harley-Davidson in a research report on Monday, August 28th. They set a “hold” rating and a $49.00 target price on the stock. Three research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and five have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $52.50.

In other news, Director Jochen Zeitz sold 1,859 shares of the firm’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $47.80, for a total value of $88,860.20. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Lawrence G. Hund sold 8,660 shares of the firm’s stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $46.88, for a total transaction of $405,980.80. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 58,726 shares of company stock worth $2,816,641. 0.70% of the stock is currently owned by insiders.

Shares of Harley-Davidson, Inc. (HOG) traded down $1.17 on Wednesday, hitting $50.64. 3,321,500 shares of the company traded hands, compared to its average volume of 2,270,535. The company has a quick ratio of 1.03, a current ratio of 1.18 and a debt-to-equity ratio of 2.48. The stock has a market capitalization of $8,719.37, a P/E ratio of 16.19, a price-to-earnings-growth ratio of 1.78 and a beta of 0.96. Harley-Davidson, Inc. has a fifty-two week low of $44.52 and a fifty-two week high of $63.40.

Harley-Davidson (NYSE:HOG) last announced its quarterly earnings data on Tuesday, October 17th. The company reported $0.40 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.40. The business had revenue of $962.10 million for the quarter, compared to the consensus estimate of $959.41 million. Harley-Davidson had a net margin of 11.68% and a return on equity of 28.69%. The company’s quarterly revenue was down 11.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.64 earnings per share. equities research analysts expect that Harley-Davidson, Inc. will post 3.43 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be paid a dividend of $0.365 per share. This represents a $1.46 dividend on an annualized basis and a yield of 2.88%. The ex-dividend date is Thursday, December 14th. Harley-Davidson’s dividend payout ratio is currently 45.63%.

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Harley-Davidson Company Profile

Harley-Davidson, Inc is the parent company for the groups of companies doing business as Harley-Davidson Motor Company (HDMC) and Harley-Davidson Financial Services (HDFS). The Company operates in two segments: the Motorcycles & Related Products (Motorcycles) and the Financial Services. The Motorcycles segment consists of HDMC, which designs, manufactures and sells at wholesale on-road Harley-Davidson motorcycles, as well as motorcycle parts, accessories, general merchandise and related services.

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Institutional Ownership by Quarter for Harley-Davidson (NYSE:HOG)

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